Middle East Business News

Yallacompare Raises $4.25m From Kuwait-listed Gulf Insurance Group

Previous investors in yallacompare include STC Ventures, Wamda Capital, DSO and New York-based Argo Ventures Read more

Silver Lake Follows Facebook To Back Ambani's Reliance Jio

The Silver Lake deal is the latest in a series of fund-raising plans by chairman Mukesh Ambani, as the tycoon seeks to b... Read more

UK's Financial Reporting Council To Investigate Ernst & Young's Auditing Of NMC Health

Regular to concentrate on 2018 financial statements of troubled UAE-based healthcare provider Read more

Dubai Healthcare City Authority Reveals Business Relief Package

Package designed to reduce financial impact of Covid-19 pandemic Read more

How Did Lebanon's Economy Reach The Brink Of Collapse And Can It Recover?

Lebanon had racked up a debt equivalent to 170% of its GDP by the end of 2019 Read more

$1m Equity-free Grant Launched To Support Struggling Start-ups Amid Covid-19

Fund by Sharjah-based Sheraa will replace budget for its annual events which have been cancelled in line with safety mea... Read more

US Law Firms To Pursue Legal Action Against Troubled NMC Health

Firms urging investors to contact them in a bid to recoup losses Read more

Oman Tells Banks To Free Loan Repayments For Three-months

The decision will come into effect in May. Read more

Embattled Finablr-owned Travelex Goes Up For Sale

BR Shetty has resigned from the board off Travelex, although he remains in place as chairman and majority stakeholder at... Read more

Dubai's DFSA Fines La Tresorerie For 'serious Breaches'

According to the Dubai Financial Services Authority, the firm was involved in 'systematic' illegal cash services for a t... Read more

World Bank Warns Remittance Payments To Plunge Amid Pandemic

Remittance flows are expected to fall 19.6% from Middle East and North Africa Read more

UAE's FTA Extends Deadline For VAT Filings, Payments

The move is valid for the tax period ending March 31 Read more

MPs In Lebanon Approve $120m Loan From World Bank To Fight Covid-19

Three-day parliament sitting held in Beirut conference hall amid anti-government protests outside Read more

NMC Health Backer Weighs Strategic Options, Debt Revamp

Abu Dhabi-based KBBO Group is being advised by KPMG on ways to restructure its debt, according to reports Read more

Saudi Stocks Lead Gulf Bourses Down After Oil Slump

US crude prices made a partial recovery on Tuesday after trading at historic lows Read more